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Coal|Resources|Service
Coal|Resources|Service
coal|resources|service

Madondo to formally assume CEO role at Thungela from Nov 1

Thungela CEO designate Moses Madondo

Thungela CEO designate Moses Madondo

1st October 2025

By: Creamer Media Reporter

     

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Thermal coal producer and exporter Thungela Resources has confirmed that Moses Madondo will formally assume the role of CEO, with full executive responsibilities, with effect from November 1.

Madondo, who has been CEO designate from August 1, was last month also appointed as an executive director of the Thungela board.

He has been working closely with outgoing CEO July Ndlovu to facilitate a smooth transition – a process that will conclude on October 31.

Ndlovu will commence a period of 'garden leave', from November until his retirement on December 31, when he will step down as an executive director of the company.

"Mr Ndlovu has played a pivotal role in shaping Thungela since its listing and has overseen a thoughtful and well-structured handover process in recent weeks. The board expresses its deep appreciation to Mr Ndlovu for his dedicated service and invaluable contribution to the company and extends its best wishes to him in his retirement.

"The board warmly welcomes Mr Madondo as CEO and looks forward to working with him as he leads Thungela into its next phase," the company states.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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